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May 12th, 2016, 06:04 PM
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Join Date: Mar 2012
Re: CMC Limited Credit Rating

CMC Limited is a data innovation administrations, counseling and programming organization having its central station in New Delhi, India.[1][4] CMC is a piece of the TATA Group and is claimed by Tata Consultancy Services. CMC was fused on 26 December 1975, as the 'PC Management Corporation Private Limited'.

Below are the ratings published by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of February 18, 2015.


COMPANY INSTRUMENT RATING AMOUNT (RS.MLN)
SHORT TERM
RATINGS:

CMC Ltd CP/STD Programme A1+ 500 Reaffirmed

LONG TERM RATINGS:

Cmc Ltd LT FB Fac AA+ 1000 Reaffirmed

Cmc Ltd Non-FB Fac AA+ / 2500 Reaffirmed

CMC later extended its administrations to frameworks reconciliation, interfacing, establishment, dispatching, programming improvement, and also instruction and preparing. CMC's R&D office was set up in 1982 at Hyderabad.[9] CMC was renamed CMC Limited(Computer Maintenance Corporation) in August 1984.

CMC Limited has the credit of presenting PC applications at a mass scale in the late 80s with its configuration and organization of Indian Railways Reservation System IMPRESS (Integrated Multi-train Passenger Reservation System) in New Delhi on 15 October 1985. It went ahead to wind up a gigantic achievement in the long run conveyed all over India serving over a large portion of a million exchanges each and every day and cutting sit tight times for travelers radically. CMC additionally tailed it up with the outline of ARTS (Advanced Railway Ticketing System) for open ticketing.

The Board of Directors of CMC chose to consolidate the Company into its guardian organization Tata Consultancy Services Limited on 16 - October - 2014. CMC Merged with TCS on 1 October 2015


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